Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1968
- Price/Sqft : $152.21
- 4 Days on Market
- MLS # : U8104475
- Updated Date : 11/13/2020 at 11:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,314 sqft
- Baths : 2 full
Listing Agent
Re Florida Homes
Listing Agent's Description
Wow honey stop scrolling, this is the one! This home has been updated uniquly just for us. Single family 3B/2B split floor plan. Open concept great for entertaining guest, family, and friends. Let your eyes gaze through you stunning 2 tone kitchen with matching brand new bathrooms, and gorgeous marble like granite counters. Accent pieces have individually picked out by a designer who choose to use signature energy saving LED light fixtures, fans, gold fixtures & locks for that wow factor everyone is looking for. Enjoy your all new wood like waterproof vinyl flooring & South Beach Style 6" baseboard throughout. Don't miss out! HOT MARKET Liminited inventory in this neighborhood. Trust me there is nothing out there that looks like this! Send your buyers "Cant refuse offer" today before its gone! Please note enhanced artificial grass was edited due to weather.
SEE MORE
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
PRICE & RENT TRENDS
Neighborhood: Colonial Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colonial Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,140 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$223 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$13
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$199,999
PROJECTED PRICE
$1,140
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 11.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $149,999 |
5.67
YEARS SAVED
$14,695
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,140
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,127
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
5111 Polar Dr Holiday, FL 3
- 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1968
- Rent
- Rent Per SQFT
- $1,140
- $0.87
-
3618 Panola Dr New Port Richey, FL 1
- 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,045
- $0.77
-
4338 Newgate Ave Holiday, FL 2
- 3 beds 1 baths ∙ 1,340 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,340 Sqft ∙ Built 1964
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,095
- $0.82
-
3811 Woodcock Dr New Port Richey, FL 4
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,150
- $0.89
-
5304 Bob White Dr Holiday, FL 5
- 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,245
- $0.95
PROPERTY LISTING DETAILS
1.786.258.6562
Re Florida Homes
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8104475
Last Updated: 11/13/2020
